Senior Physician Compensation Analyst

Welcome to Mayo Clinic - a leading healthcare organization committed to providing the highest quality patient care. We are seeking a Senior Physician Compensation Analyst to join our dynamic team and play a critical role in ensuring our physicians are fairly and competitively compensated for their valuable contributions. This is an exciting opportunity for an experienced professional with a combination of analytical, communication, and leadership skills to make a significant impact on the success of our organization. As a Senior Physician Compensation Analyst, you will have the opportunity to work with a collaborative and supportive team, while utilizing your expertise to develop and implement compensation strategies that attract and retain top physician talent. Join us in our mission to provide exceptional healthcare and make a difference in the lives of our patients and employees.

1. Develop and maintain a comprehensive understanding of the organization's physician compensation structure, policies, and procedures.
2. Analyze and interpret market data and industry trends to determine competitive compensation rates for physicians.
3. Collaborate with stakeholders, including HR, finance, and leadership, to design and implement effective compensation strategies.
4. Conduct regular audits and reviews to ensure compliance with regulatory and internal guidelines.
5. Communicate effectively with physicians and other key stakeholders to address any compensation-related concerns and provide guidance.
6. Continuously review and improve compensation processes and systems to ensure efficiency and accuracy.
7. Lead and mentor a team of compensation analysts to support the organization's goals and objectives.
8. Collaborate with external consultants and vendors as needed to gather data and insights on compensation trends and best practices.
9. Serve as a subject matter expert on physician compensation and provide guidance and support to other departments as needed.
10. Work closely with the recruitment team to develop competitive offers for potential physician candidates.
11. Monitor and evaluate the effectiveness of compensation programs and make recommendations for improvement.
12. Stay updated on industry regulations and changes in compensation laws and ensure compliance within the organization.
13. Compile and present data and reports to senior leadership to support decision-making processes.
14. Foster a culture of fairness, transparency, and equity in physician compensation throughout the organization.
15. Act as a liaison between different departments and stakeholders to ensure alignment and consistency in compensation practices.

According to JobzMall, the average salary range for a Senior Physician Compensation Analyst in Rochester, MN, USA is $81,000-$112,000 per year. This may vary depending on the specific job responsibilities, experience level, and the employer. Some employers may also offer additional benefits such as bonuses and healthcare benefits.

The Mayo Clinic is an American not-for-profit organization academic medical center based in Rochester, Minnesota, focused on integrated clinical practice, education, and research. It employs over 4,500 physicians and scientists, along with another 58,400 administrative and allied health staff.